Plain English Breakdown
The bill does not specify exact amounts for bond issuance or appropriations.
Acquisition of Saint Francis School Campus by University of Hawaii
This bill allows the University of Hawaii to issue revenue bonds and use funds from general state revenues for buying the Saint Francis School campus in Honolulu.
What This Bill Does
- Authorizes the Board of Regents of the University of Hawaii, with the approval of the governor, to issue revenue bonds to finance the acquisition of the Saint Francis School campus located at 2707 Pamoa Road in Honolulu.
- Appropriates funds from bond proceeds and interest earned for fiscal year 2025-2026 to buy the Saint Francis School campus.
- Appropriates general state revenues for fiscal year 2025-2026 to buy the Saint Francis School campus.
Who It Names or Affects
- The Board of Regents of the University of Hawaii
- Saint Francis School
Terms To Know
- Revenue Bonds
- Bonds that are paid back with money earned from a specific project or source.
- Appropriation
- Money set aside by the government for a particular purpose.
Limits and Unknowns
- The bill does not specify how much money will be used for bonds and appropriations.
- It is unclear when exactly the bond issuance and acquisition process will start after July 1, 2025.